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Words: | Submitted: Mon Jun 19 2006
... success is determined based on the cost of the quality and quantity of labor deployed to combine these other sources. Conversely, if I am employed, I expect to be paid an agreed amount for the services rendered. The distinguishing feature between the two roles is that of the risk/return matrix- the higher the risk, the greater the return. The simple fact is that as long as employers demand more of their employees, the risk also increases that staff may contribute to learning, developing and potentially exploiting such relationships which are accepted2 as fiduciary in nature, thus undermining the objective of the matrix. At Common Law, the relationship between employer and employee originates from the traditional English Master and Servant principle that was essentially "an extension of the law of family relations"3 where servants often lived upon their master's estates and hence were looked upon as part of the extended family unit. ...
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